by Lara | Jan 16, 2017 | Gold |
Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate. The target is now adjusted. Summary: The new target for upwards movement to end is 1,219. In the short term, a new low below 1,187.97 would indicate a trend change and a...
by Lara | Jan 13, 2017 | Gold |
Downwards movement was expected, which is what happened. Friday’s session made a lower high and a lower low, the definition of downwards movement, although the candlestick closed green. Summary: It is reasonably likely now that upwards movement is over for now...
by Lara | Jan 12, 2017 | Gold, Public Analysis |
Upwards movement continued, falling just short of resistance about 1,210 to reach 1,207.2 for the session. The Elliott wave count remains the same, and this upwards movement has now lasted a Fibonacci 21 days. Summary: It is reasonably likely now that upwards movement...
by Lara | Jan 11, 2017 | Public Analysis, USDJPY |
An update to the last USDJPY analysis, which was done July 15, 2016. This pair has moved higher as expected. There is now structure of upwards movement to analyse. ELLIOTT WAVE ANALYSIS MONTHLY CHART Click chart to enlarge. The big picture sees a five up complete...
by Lara | Jan 11, 2017 | Silver |
Silver has moved higher with some support from volume. The Elliott wave counts are the same. Summary: Silver is most likely in a new upwards trend. This would be confirmed with a new high above 17.220. The target is at 23.131. In the short term, look out for a deep...
by Lara | Jan 11, 2017 | Gold |
Resistance will be used to see where price may turn. Fibonacci numbers are used for duration and parallel channels are used for confidence in a turn. Summary: If upwards movement continues, it may now be for only one more day; price may find resistance about 1,210. In...
by Lara | Jan 10, 2017 | Gold |
Some weakness is seen in this upwards movement and price remains within a narrow channel on the hourly Elliott wave chart. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected to have begun either today, or very soon, and...
by Lara | Jan 9, 2017 | Public Analysis, US Oil |
The target for upwards movement to end was at 58.05. It has not been met. The Elliott wave count remains the same. Summary: Downwards movement is now expected to at least 28.61. The target is at 25.59. A new low below 49.96 would add confidence that price has turned...
by Lara | Jan 9, 2017 | Gold, Gold Historical |
Gold has had a trend change. How high this next wave goes and what structure it takes will indicate which Elliott wave count at the monthly chart level may be correct. Summary: Gold is in a new bull trend. In the short term, a downwards correction should be expected...